Two recent updates in not-for-profit. And what they might mean for you…
Current Issues | Charities and not-for-profit | 28th September 2017
New Charity Governance Code: “Good governance is no longer an optional extra”
The Charity Governance Code is now in its 12th year. It continues to bang the drum for strong and measured governance principles in charitable organisations.
The key themes for the latest publication focus on the steps you can take to understand what good governance looks like. And then how to apply effective measures that build a solid governance programme throughout your organisation.
The code develops seven principles. These include organisational purpose, leadership, integrity, decision-making, board effectiveness, diversity and openness & accountability.
The Commission reiterates that these measures should underpin the very purpose of your organisation. And that they are key contributors to how trustworthy benefactors perceive you.
There are two versions of the code. One for larger charities with income exceeding £1 million and one for smaller charities below that threshold.
Charities are encouraged to include a brief statement in their Trustees Annual Report using the “Apply or Explain” principle. They should describe how they have applied the code and explain why any particular recommended practice has not been applied.
Are you concerned about your approach to governance? We can help. Give us a call on +44 (0)20 7312 0000 for a chat about the steps you can take to improve the way you operate.
Fundraising Regulator publishes list of non-paying charities of their voluntary levy
It’s well known that the Fundraising Regulator is primarily funded by a voluntary levy which they use to support their activity. The regulator raises this charge on charities who spend over £100,000 a year on fundraising activity.
Now the Fundraising Regulator has published the full list of charities affected by the fundraising levy, distinguishing between those that have paid the levy and those that have opted not to. You can find the list of charities affected by the levy right here.
The Fundraising Regulator will begin issuing invoices for the Year 2 levy in September and October 2017.
However, be aware that there is currently an e-mail scan being sent to charities claiming to be from the Fundraising Regulator and asking for payment for the Fundraising Preference Scheme. The Fundraising Regulator have confirmed that these e-mails are fraudulent and are not connected to the Levy invoices they are issuing.
If you’re a fundraising organisation affected by the fundraising levy and would like to find out more just get in touch. Give us a call on +44 (0)20 7312 0000 for some impartial advice on your next steps.
Shipleys Charity Services. Helping you navigate the challenges
The trustees of charitable and not-for-profit organisations face some complex challenges and a changing regulatory environment. Staying on top of the more onerous requirements coming into force can be a formidable task. Increasingly stringent governance guidelines add extra pressure.
Failure to comply with these requirements can result in bad publicity. And this can lead to a loss of support.
At the same time, many charities are facing sharp reductions in income as a result of lower investment returns and falling disposable income among donors.
Our team of charity specialists has lots of experience dealing with these challenges.
If you’d like to have a no obligation chat about how we could help you contact our charity expert Simon Robinson on +44 (0)20 7312 0000. Or you can find more information and all our contact details right here.
Please speak to your usual Shipleys contact or one of our experts to determine what you need to do next. Specific advice should be obtained before taking action, or refraining from taking action, on the basis of this information